(This story is for CNBC Pro subscribers only.)
The coronavirus pandemic has created a wide range of stock-picking opportunities, supporting the performance of hedge funds and mutual funds in 2020. Goldman Sachs found the most-bought stocks by both of these investors and on average they have delivered a stellar performance this year.
"Fund returns are typically strongest during periods of high return dispersion," David Kostin, Goldman's head of U.S. equity strategy, said in a note. "The coronavirus pandemic catalyzed a 34% sell-off in the S&P 500 and led to the widest distribution of constituent returns since the 2008 Financial Crisis."